Acadia Healthcare Announces CEO Transition

Debbie Osteen Named Chief Executive Officer, Replacing Joey Jacobs

Reeve B. Waud Elected Chairman

December 17, 2018 07:22 AM Eastern Standard Time

FRANKLIN, Tenn.--(BUSINESS WIRE)--Acadia Healthcare Company, Inc. (NASDAQ: ACHC) today announced that
Debbie Osteen, former President of the Behavioral Health Division of
Universal Health Services, Inc., has joined Acadia as Chief Executive
Officer. She replaces Joey Jacobs, who has been removed by the Board
from his roles as CEO and Chairman of the Board. Reeve B. Waud, Lead
Director of Acadia’s Board of Directors, has been elected Chairman of
Acadia.

“As the Board looked to accelerate Acadia’s momentum and drive value
creation, we felt that now is the right time to bring in a new leader,”
said Mr. Waud. “We are thrilled that Debbie Osteen became available to
lead Acadia. Debbie’s extensive industry expertise and impressive track
record at UHS make her the right leader for Acadia. Debbie’s experience
leading UHS’ Behavioral Health Division over nearly two decades where
she was responsible for its growth and operational success across both
the U.S. and the U.K. makes her a perfect fit for Acadia. The Board is
confident Debbie will help Acadia build on its position as a premier
pure-play behavioral health services provider and we look forward to her
taking the company to the next level.”

Ms. Osteen led UHS’ Behavioral Health Division from 1999 until she
announced she was stepping down on December 6, 2018. During that time,
she built the Division into the nation’s largest system of freestanding
behavioral health facilities. Under her leadership, UHS’ Behavioral
Health Division grew from 23 to over 300 behavioral health facilities,
treating currently over 620,000 inpatients annually.

“I am honored to be named CEO of Acadia,” said Ms. Osteen. “Acadia has a
strong platform and an ambitious plan to continue adding beds and
expanding its geographical footprint, while taking a new approach to the
recently acquired U.K. business. I look forward to working with Acadia’s
talented employees to take the company forward to another level.”

About Acadia Healthcare Company, Inc.

Acadia is a provider of behavioral healthcare services. At September 30,
2018, Acadia operated a network of 586 behavioral healthcare facilities
with approximately 18,000 beds in 40 states, the United Kingdom and
Puerto Rico. Acadia provides behavioral health and addiction services to
its patients in a variety of settings, including inpatient psychiatric
hospitals, specialty treatment facilities, residential treatment centers
and outpatient clinics.